MAV Beauty Brands (MAV) Price Target Cut to C$14.00

MAV Beauty Brands (TSE:MAV) had its target price cut by CIBC from C$17.00 to C$14.00 in a research note issued to investors on Friday. CIBC’s price target would indicate a potential upside of 62.98% from the company’s previous close.

A number of other analysts also recently weighed in on the stock. BMO Capital Markets set a C$17.00 target price on shares of MAV Beauty Brands and gave the company an “outperform” rating in a research report on Sunday, October 14th. National Bank Financial reissued a “sector perform overweight” rating on shares of MAV Beauty Brands in a research report on Monday, October 8th.

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TSE:MAV opened at C$8.59 on Friday. The company has a debt-to-equity ratio of 51.94, a current ratio of 2.31 and a quick ratio of 1.15. MAV Beauty Brands has a fifty-two week low of C$8.27 and a fifty-two week high of C$14.15.

MAV Beauty Brands (TSE:MAV) last released its earnings results on Friday, November 9th. The company reported C($0.06) earnings per share for the quarter, missing analysts’ consensus estimates of C$0.11 by C($0.17). The business had revenue of C$37.90 million for the quarter, compared to analyst estimates of C$29.98 million. Equities analysts expect that MAV Beauty Brands will post 0.598583220812675 EPS for the current fiscal year.